mHealth Services Market to Benefit from Rising Global Geriatric Population

mHealth Services Market to Benefit from Rising Global Geriatric Population

Transparency Market Research’s new report, titled “mHealth Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, is a thorough analysis of the global market for mHealth services, along with a detailed study of key regional markets and the marketplace’s competitive landscape.The report states that the global mHealth market holds immensely high growth prospects over the coming years. Growing at an explosive CAGR of 23.9% between 2014 and 2020, the market, which valued US$5.79 billion in 2013, will reach US$23.39 billion by the year 2020. The rising global adoption of smartphones, availability of high speed networks, and rising awareness about the benefits of mHealth services are key to the market’s excellent growth prospects.

Other factors leading to the market’s growth are the rising global prevalence of chronic diseases and newly emerging applications of mHealth services.The report segments the global mHealth services market according to four main criteria: key applications, types of mHealth services, chief end-users, and key regional markets.The key applications of mHealth services covered by the report include medication information, general healthcare and fitness, healthcare monitoring, remote consultancy, monitoring and collaboration, and access to health records and data. The types of mHealth services covered in the report include services for patients as well as services that strengthen the healthcare system. End-use segments studied by the report include healthcare institutes, healthcare workers, individuals, and physicians. The global market is segmented into the regions North America, Asia Pacific, Europe, and the Rest of the World (RoW).

Such cross-sectional analysis of the market, by considering the revenue generated by key mHealth services in a variety of application areas, from a number of end-user industries, and across key regional markets, helps the reader identify the areas with high growth prospects.Of the key applications of mHealth services discussed in the report, the market segment of remote consultancy, collaboration, and monitoring is expected to rise at the highest pace during the report’s forecast period, at a 28.1% CAGR, owing to the global rise in the geriatric population and rising demand for therapeutic independency from this age group.

The report also includes insights about the key changes happening in the market’s dynamics and their impact on the overall growth of the market between 2014 and 2020. Thorough financial profiles of the key businesses operating in the global mHealth market are also given in the report, including those of Apple Inc., Alcatel-lucent, AT&T Inc., Koninklijke Philips N.V., Airstrip technologies Inc., Diversinet Corp. (IMS Health), Cerner Corporation, SoftServe Inc, Vodafone Group Plc., and Symantec Corporation. Details such as business overview, historical revenue figures, recent developments, and business strategies of these businesses are given in the report.

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